Which of the following could lead to an inward shift of the production possibilities frontier?
A) an increase in the cost of one good
B) an increase in the utilization of resources
C) a rise in the level of technology
D) a law is passed whereby a mandatory retirement age of 60 is imposed
E) a decrease in the utilization of resources
Correct Answer:
Verified
Q14: Production possibilities frontiers are typically concave (bowed
Q15: Combinations of goods outside the production possibilities
Q16: Figure 2-2 Q17: The production possibilities frontier is useful for Q18: The production possibilities frontier illustrates Q20: If capital is not being used efficiently,an Q21: When all resources used in production are Q22: Assume that U.S.agricultural land is used either Q23: Along a society's production possibilities frontier, Q24: Figure 2-3
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A) the combinations
A) the
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